Vera And Joseph Dresner Foundationinc

W Bloomfield, MI
Tax-exempt since June 2009
EIN: 20-5838578

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$5.82M (2023)

Expenses

$8.5M (2023)

Total Assets

$148M (2023)

Total Liabilities

$469 (2023)

Years with missing data

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$5,823,403

Expenses

$8,495,641

Net Income

-$2,672,238

Net Assets

$148,378,429

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$99,246	1.7%
Dividends	$2,527,627	43.4%
Sales of Assets	$736,316	12.6%
Other Income	$2,460,214	42.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,199,835	61.2%
Compensation of Officers*	$1,298,822	15.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$148,378,898
Total Liabilities	$469
Net Assets	$148,378,429

Compensation

Key Employees and Officers	Compensation	Other
Lori Dresner (Director/Pre)	$389,272	$76,971
Kevin Furlong (Director/Cfo)	$308,750	$85,198
Virginia Romano (Ceo)	$270,000	$72,385
David Williams (Principal Re)	$216,250	$73,975
Gary Weisman (Director/Vp)	$206,000	$0
Mark S Cohn (Director/Sec)	$124,800	$31,200
Shawn Scott (Facilities M)	$94,150	$27,534
Erin Marie Mcdonald (Grant/Progra)	$83,250	$24,861
Sonja Krolik (Executive As)	$54,000	$13,500

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990-PF

Filed on Oct. 22, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$9,418,735

Expenses

$8,877,182

Net Income

$541,553

Net Assets

$141,137,302

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$40,061	0.4%
Dividends	$2,545,865	27.0%
Sales of Assets	$4,893,248	52.0%
Other Income	$1,939,561	20.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,586,802	85.5%
Compensation of Officers*	$1,208,642	13.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$141,138,679
Total Liabilities	$1,377
Net Assets	$141,137,302

Compensation

Key Employees and Officers	Compensation	Other
Lori Dresner (Director/Pre)	$362,500	$71,275
Kevin Furlong (Director/Cfo)	$292,000	$78,738
Virginia Romano (Ceo)	$248,742	$66,435
Gary Weisman (Director/Vp)	$183,000	$0
Mark S Cohn (Director/Sec)	$122,400	$30,600
Jeff Johnson (Director Of)	$104,667	$26,167
David Williams (Principal Re)	$79,325	$27,811
Erin Marie Mcdonald (Grant/Progra)	$73,900	$22,278

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990-PF

Filed on Oct. 9, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2021

Revenue

$12,906,766

Expenses

$8,492,698

Net Income

$4,414,068

Net Assets

$160,025,391

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$12,234	0.1%
Dividends	$2,979,313	23.1%
Sales of Assets	$7,887,396	61.1%
Other Income	$2,027,823	15.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,270,475	85.6%
Compensation of Officers*	$979,400	11.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$160,025,391
Total Liabilities	$0
Net Assets	$160,025,391

Compensation

Key Employees and Officers	Compensation	Other
Lori Dresner (Director/Pre)	$362,500	$67,874
Kevin Furlong (Director/Cfo)	$318,250	$74,516
Virginia Romano (Executive Di)	$189,760	$47,440
Gary Weisman (Director/Vp)	$179,250	$0
Jeff Johnson (Director Of)	$122,940	$28,785
Mark S Cohn (Director/Sec)	$119,400	$29,850
Erin Marie Mcdonald (Grant/Progra)	$65,025	$19,870

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990-PF

Filed on Nov. 8, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2020

Revenue

$2,430,433

Expenses

$7,570,893

Net Income

-$5,140,460

Net Assets

$155,813,912

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$27,495	1.1%
Dividends	$1,823,163	75.0%
Sales of Assets	$0
Other Income	$2,026,129	83.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,635,937	87.7%
Compensation of Officers*	$985,900	13.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$155,819,550
Total Liabilities	$5,638
Net Assets	$155,813,912

Compensation

Key Employees and Officers	Compensation	Other
Lori Dresner (Director/Pre)	$362,500	$65,509
Kevin Furlong (Director/Cfo)	$327,000	$72,226
Gary Weisman (Director/Vp)	$178,000	$0
Virginia Romano (Executive Di)	$167,140	$41,785
Mark S Cohn (Director/Sec)	$118,400	$29,600
Erin Marie Mcdonald (Grant/Progra)	$62,275	$18,988
Jeff Johnson (Director Of)	$40,567	$9,542

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990-PF

Filed on Dec. 23, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2019

Revenue

$5,847,766

Expenses

$8,547,364

Net Income

-$2,699,598

Net Assets

$149,689,069

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$159,845	2.7%
Dividends	$2,295,718	39.3%
Sales of Assets	$946,801	16.2%
Other Income	$2,445,402	41.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,705,524	90.2%
Compensation of Officers*	$971,537	11.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$149,730,471
Total Liabilities	$41,402
Net Assets	$149,689,069

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2018

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2017

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2016

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2015

Revenue

$14,698,725

Expenses

$6,382,322

Net Income

$8,316,403

Net Assets

$147,772,755

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$9,453,088	64.3%
Interest Revenue	$14,008	0.1%
Dividends	$1,915,389	13.0%
Sales of Assets	$0
Other Income	$3,432,516	23.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,170,279	81.0%
Compensation of Officers*	$859,000	13.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$147,823,605
Total Liabilities	$50,850
Net Assets	$147,772,755

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2014

Revenue

$8,416,869

Expenses

$8,575,182

Net Income

-$158,313

Net Assets

$142,078,176

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$416,132	4.9%
Interest Revenue	$12,662	0.2%
Dividends	$1,986,822	23.6%
Sales of Assets	$1,915,957	22.8%
Other Income	$4,085,296	48.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,619,829	88.9%
Compensation of Officers*	$861,000	10.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$142,144,523
Total Liabilities	$66,347
Net Assets	$142,078,176

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2013

Revenue

$60,002,197

Expenses

$3,697,053

Net Income

$56,305,144

Net Assets

$140,195,311

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$51,392,447	85.7%
Interest Revenue	$6,201	0.0%
Dividends	$1,467,248	2.4%
Sales of Assets	$3,299,217	5.5%
Other Income	$3,837,084	6.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,845,155	77.0%
Compensation of Officers*	$833,000	22.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$140,257,669
Total Liabilities	$62,358
Net Assets	$140,195,311

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2012

Revenue

$73,893,227

Expenses

$638,620

Net Income

$73,254,607

Net Assets

$78,506,140

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$70,200,078	95.0%
Interest Revenue	$785	0.0%
Dividends	$740,640	1.0%
Sales of Assets	$102,367	0.1%
Other Income	$2,849,357	3.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$485,260	76.0%
Compensation of Officers*	$417,500	65.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$78,526,001
Total Liabilities	$19,861
Net Assets	$78,506,140

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$1,501,826

Expenses

Net Income

$1,501,826

Net Assets

$1,501,825

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,500,000	99.9%
Interest Revenue	$0
Dividends	$1,742	0.1%
Sales of Assets	$84	0.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,501,826
Total Liabilities	$1
Net Assets	$1,501,825

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Vera And Joseph Dresner Foundationinc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $5.82M (2023)

Expenses $8.5M (2023)

Total Assets $148M (2023)

Total Liabilities $469 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2018

No Extracted Financial Data

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2017

No Extracted Financial Data

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$5.82M (2023)

Expenses

$8.5M (2023)

Total Assets

$148M (2023)

Total Liabilities

$469 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009